🚨 FUEL SHOCK HITS NEW ZEALAND — PAIN STILL LINGERS
New Zealand motorists and businesses continue to feel the impact of elevated global oil prices, with petrol remaining above NZ$3 per litre as supply disruptions keep energy costs under pressure.
🔑 Key Points:
• ⛽ 91 petrol reached about NZ$3.20/L
• 📈 Petrol prices rose 20.1% in the June quarter
• 🚛 Diesel prices jumped 47.7%
• 🛢️ Global crude remains above $100/barrel
• 🚢 Shipping costs, refining margins and exchange rates add to pump prices
• 🏠 Higher fuel costs are feeding into household and business expenses
📊 Market Insight:
The oil shock is spreading beyond crude markets. Higher fuel, transport and logistics costs can increase pressure on businesses and consumer prices, keeping inflation risks in focus.
🔥 Themes to Watch: OIL • FUEL • INFLATION • ENERGY
#Oil #CrudeOil #FuelPrices #Inflation #energy $CL $BZ
New Zealand motorists and businesses continue to feel the impact of elevated global oil prices, with petrol remaining above NZ$3 per litre as supply disruptions keep energy costs under pressure.
🔑 Key Points:
• ⛽ 91 petrol reached about NZ$3.20/L
• 📈 Petrol prices rose 20.1% in the June quarter
• 🚛 Diesel prices jumped 47.7%
• 🛢️ Global crude remains above $100/barrel
• 🚢 Shipping costs, refining margins and exchange rates add to pump prices
• 🏠 Higher fuel costs are feeding into household and business expenses
📊 Market Insight:
The oil shock is spreading beyond crude markets. Higher fuel, transport and logistics costs can increase pressure on businesses and consumer prices, keeping inflation risks in focus.
🔥 Themes to Watch: OIL • FUEL • INFLATION • ENERGY
#Oil #CrudeOil #FuelPrices #Inflation #energy $CL $BZ
